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And as more and more insurers appropriately price climate risk using more fine-grained data, individuals will face clear incentives to consider those risks when deciding where to live.
Risk insurance mechanisms estimate and price climate change-related risks with a good potential for absorbing the financial burden of disasters.
Yet, pushed over the edge by the so-called 'lower for longer' oil price climate, OPEC blinked and cut headline production anyway in 2016 and managed, at least on paper, to convince non-OPEC participants led by Russia to join in the exercise.
Potential new supply disruptions are a real possibility in a lower-than-expected price climate and present an uncertainty in the world oil supply forecast.
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The FSB recommendations are designed "to help organizations identify and disclose information needed by investors, lenders, and insurance underwriters to appropriately assess and price climate-related risks and opportunities". They focus on four thematic areas which the FSB feels generally reflect how organizations operate.
"Pricing Climate Risk Mitigation". Nature Climate Change 5 (April 2015): 396-398.
There has been a broadly based change in the pricing climate, said Mr King.
Smooth dividend progression and a volatile pricing climate don't sit easily together.
Not pricing climate risk is a bug in the tax code.
The question has enormous implications not only for China (air pollution, cancer rates) but for the world (oil prices, climate change).
The last two years have witnessed a cascade of interconnected crises: financial panic, rising food and oil prices, climate shocks, a flu pandemic, and more.
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